Nomura System Corporation Co, Ltd. (TSE:3940) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.08% of its issued share capital (excluding treasury stock), for ¥59 million. The shares will be repurchased at a price of ¥118 per share.

The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, including consideration of incentive plan. The program will run until February 15, 2023. As of January 31, 2023, the company had 46,405,316 shares in issue (excluding treasury stock) and 39,484 shares in treasury.